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Renminbisation des actifs internationaux de la Chine

Author

Listed:
  • Yin-Wong Cheung
  • Guonan Ma
  • Robert N. McCauley

Abstract

[fre] Depuis la crise financière mondiale de 2008, la Chine a lancé plusieurs initiatives pour développer activement le rôle international du renminbi et pour libeller davantage de ses créances internationales en renminbi plutôt qu’en dollars. Cet article examine les facteurs qui influent sur les perspectives d’internationalisation du renminbi au vu de la composition en devises des avoirs et des engagements de la Chine. Ces facteurs incluent, entre autres, la valeur tendancielle et la gestion du renminbi. . Classification JEL : F30, F31, F33, O24. [eng] Renminbisation of China’s international assets . Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects of internationalising the renminbi from the perspective of the currency composition of China’s international assets and liabilities. These factors include, among others, underlying valuation and management of the renminbi. . Classification JEL : F30, F31, F33, O24.

Suggested Citation

  • Yin-Wong Cheung & Guonan Ma & Robert N. McCauley, 2009. "Renminbisation des actifs internationaux de la Chine," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 135-155.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_num_95_2_5349
    DOI: 10.3406/ecofi.2009.5349
    Note: DOI:10.3406/ecofi.2009.5349
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    3. Pillay, Timesh D. & Skordis-Worrall, Jolene, 2013. "South African health financing reform 2000–2010: Understanding the agenda-setting process," Health Policy, Elsevier, vol. 109(3), pages 321-331.

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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • F30 - International Economics - - International Finance - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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